XRP News Today: XRP Pressured by US Data and Crypto Policy Delays
While concerns about the US economy triggered the sell-off, Amazon.com’s spending plans added to the selling momentum. The company announced plans to spend $200 billion on CAPEX in 2026, topping a consensus of $146 billion.
AI-related spending has been a market focal point, given ongoing concerns about returns on investment. High spending offers no guarantee of returns, particularly as investors must wait years, not months, to see any benefits in a dynamic backdrop.
AI developments have added a layer of uncertainty about the longer-term, leaving markets to question the sizable CAPEX announcement. Notably, Amazon.com plunged 11.2% in after-hours trading in reaction to the news. Ahead of the…
